Mortgage Calculators

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Here are some simple tips to help you negotiate a better home loan with the lender. Get Multiple Quotes (1) If your lender is unwilling to lower the interest rate you should try and get different quotes from other lenders. The odds are that you’ll find a better offer someone else. Revealing this to your […]

Most lenders will agree to lock the rate and other terms that they quote you for a 30 day period. For a nominal fee or slight interest-rate increase lenders will typically, to hold the rates for 45 to 60 day period. The obvious benefit is that this commitment of rate lock gives you peace of […]

What Is the Home Affordable Modification Program (HAMP)? The Home Affordable Modification Program (HAMP) is an initiative created by the federal government to help people cope with the collapse of the housing market. Not just because of the problems in the housing industry but also due to the global meltdown of the economy many homeowners […]

What Is Home Affordable Refinance Program (HARP) The Home Affordable Refinance Program (HARP) was an initiative launched the federal government in 2009 in the wake of the housing market collapse. This program was launched in order to help people cope with the issue of foreclosure. This program serves to initiate loan modification, refinance and provide […]

What Is A Fixed-Rate Mortgage A fixed rate mortgage is a home loan with a fixed interest rate and a fixed mortgage payment every month for the duration of the loan that is typically 10 to 30 years. A fixed rate mortgage is the commonest kind of a home loan. In a fixed-rate mortgage the […]

Importance Of A Credit Rating For A Home Loan Your credit score, in other words, all the stuff that is on your credit report has a direct impact on your home loan application. It is the first document and factor that a mortgage lender looks at to assess your eligibility. Different lenders have different underwriting […]

You need proper insurance protection to protect yourself personally, your family as well as assets. Unfortunate instances in life have a way of happening without warning. While we hope that this will not happen to you, the only way to protect yourself and your family from getting into major financial trouble after purchasing a home […]

What Is A Reverse Mortgage A reverse mortgage, also called Home Equity Conversion Mortgage (HECM), is available to homeowners who are at least 62 years of age or are within three months of their 62nd birthday. The owner can use the equity in his home to get money from a lender. In a reverse mortgage, […]

These are 7 very convincing reasons why you should continue to rent a home and not buy one, at least just yet. If You Expect To Move If you expect to be re-located in the near future, you should be especially careful about buying a home. People move for many reasons which do not always […]

Don’t Rent Because It Seems Cheaper Should you rent a home instead of buying simple because paying the rent seems so much cheaper compared to the cost of home? It could be making a common mistake renting a home instead of buying one simply because renting seems cheaper. When you go out today to look […]